Laxmi Organic Industries Ltd - Stock Valuation and Financial Performance

BSE: 543277 | NSE: LXCHEM | Chemicals | Small Cap

Laxmi Organic Inds. Share Price

259.10 4.55 1.79%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Laxmi Organic Inds.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

axmi Organic Industries stock performance -

mw4me loader
P/E Ratio (SA):
Market Cap:
7,145.5 Cr.
52-wk low:
52-wk high:

Is Laxmi Organic Industries Ltd an attractive stock to invest in?

1. Is Laxmi Organic Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Laxmi Organic Industries Ltd is a average quality company.

2. Is Laxmi Organic Industries Ltd undervalued or overvalued?

The key valuation ratios of Laxmi Organic Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Laxmi Organic Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Laxmi Organic Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Laxmi Organic Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Laxmi Organic Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 6.5%8.4%8.6%20.1%17.4%16.2%12.8%16.4%20.7%9.7%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8109589021,0081,2731,4291,3591,6062,8772,6932,732
Sales YoY Gr.-18.2%-5.9%11.8%26.3%12.3%-4.9%18.2%79.2%-6.4%-
Adj EPS 1.733.91212.
YoY Gr.-73%30.6%205.9%3.9%-73.2%-14.6%67.8%94.4%-44.4%-
BVPS (₹) 30.933.637.448.660.718.219.639.447.652.664.3
Adj Net
Cash Flow from Ops. -49.713884.5143-0.219413511060.6161-
Debt/CF from Ops. -


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.3%16.2%25.6%-6.4%
Adj EPS 12.9%-16.1%22%-44.4%
Share Price - - 10.6% -3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.62%

Net Profit is growing at healthy rate in last 3 years 21.97%

Return on Equity has declined versus last 3 years average to 7.90%

Sales growth is not so good in last 4 quarters at -1.62%

Latest Financials - Laxmi Organic Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 4.6 3.7
TTM Sales (₹ Cr.) 2,732 2,813
BVPS (₹.) 64.3 63.3
Reserves (₹ Cr.) 1,719 1,690
P/BV 4.03 4.09
PE 56.48 71.07
From the Market
52 Week Low / High (₹) 222.00 / 320.70
All Time Low / High (₹) 143.00 / 628.05
Market Cap (₹ Cr.) 7,145
Equity (₹ Cr.) 55.2
Face Value (₹) 2
Industry PE 49.3

Management X-Ray of Laxmi Organic Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Laxmi Organic Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 7428758258891,1241,2751,2391,4012,5412,444
Manufacturing Costs647284114137164180189289383
Material Costs6107206396838809769311,0481,9761,779
Employee Cost 15173283748587510197
Other Costs 54671016570876990175185
Operating Profit 688276118149153120205337249
Operating Profit Margin (%) 8.4%8.6%8.4%11.8%11.7%10.7%8.8%12.7%11.7%9.3%
Other Income 223246892126
Interest 23271813101615181722
Depreciation 31302827294148454770
Exceptional Items 00000026000
Profit Before Tax 1527328111310390151294183
Tax 49710372512295449
Profit After Tax 11192571777879123240135
PAT Margin (%) 1.3%2.0%2.7%7.0%6.0%5.4%5.8%7.6%8.3%5.0%
Adjusted EPS (₹)
Dividend Payout Ratio (%)5%4%4%2%2%2%0%11%8%10%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund 1932102343043804564411,0401,2551,395
Share Capital 10101010105045535353
Reserves 1832002242943704053969871,2021,341
Minority Interest0000000000
Long Term Debt107977142537590102130
Short Term Debt13310197371183481187225
Trade Payables8496124158199300393444687452
Others Liabilities 56626573899392230136127
Total Liabilities 5735675906158399581,0241,7352,1662,329

Fixed Assets

Gross Block331372389222328423470502596989
Accumulated Depreciation125154182275596143187236295
Net Fixed Assets206218207195273327327315361694
CWIP 62033483031236017788
Investments 3419232820212532287
Trade Receivables217173150215289304317385625537
Cash Equivalents 68111574434534177118
Others Assets8189635690103158245473362
Total Assets 5735675906158399581,0241,7352,1662,329

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity -5013884143019413511061161
PBT 1527328111310365151294183
Adjustment 52314538335556577181
Changes in Working Capital -111611440-1276429-71-252-62
Tax Paid -5-7-7-15-20-28-16-26-52-41
Cash Flow From Investing Activity 6-64-29-36-84-121-3-60423-362
Capex -15-53-24-31-88-97-31-71-176-312
Net Investments 00-54-1-3-270-22-41-15
Others 21-1148-57329-511240-36
Cash Flow From Financing Activity 44-73-53-10982-70-115485-87241
Net Proceeds from Shares 000000050009
Net Proceeds from Borrowing -2700-3711301621-136130
Interest Paid -21-26-18-11-9-14-11-14-3-17
Dividend Paid 0-1-1-1-1-2-2-8-13-19
Others 92-46-33-6081-84-118-1465137
Net Cash Flow 022-2-2417-9-440
ROE (%)5.799.2911.0726.3222.4518.6317.5416.5520.8910.17
ROCE (%)9.2712.1211.622.2725.2720.2518.0319.9824.912.95
Asset Turnover Ratio1.631.81.671.781.781.591.371.161.481.2
PAT to CFO Conversion(x)-4.557.263.362.0102.491.710.890.251.19
Working Capital Days
Receivable Days68696162717683806479
Inventory Days28193129263237363138
Payable Days584663757493136146104117

Laxmi Organic Industries Ltd Stock News

Laxmi Organic Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Laxmi Organic Inds. on 12-Apr-2024 16:59 is ₹259.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Laxmi Organic Inds. stood at ₹7,145.5.
The latest P/E ratio of Laxmi Organic Inds. as of 12-Apr-2024 16:59 is 56.48.
The latest P/B ratio of Laxmi Organic Inds. as of 12-Apr-2024 16:59 is 4.03.
The 52-week high of Laxmi Organic Inds. is ₹320.7 and the 52-week low is ₹222.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Laxmi Organic Inds. is ₹2,732 ( Cr.) .

About Laxmi Organic Industries Ltd

Laxmi Organic Industries is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. Since its inception in 1989, it has been on a journey of transformation. It initially started manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing of ethyl acetate in 1996. It is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. Further, post completion of the Yellowstone Chemicals (YCPL) Acquisition, its market share in the ethyl acetate market will be further enhanced. In Fiscal 2010, the company commenced manufacturing the Specialty Intermediates by acquiring Clariant’s diketene business.

The company’s products are currently divided into two broad categories, namely the Acetyl Intermediates and the Specialty Intermediates. The Acetyl Intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents, while the Specialty Intermediates comprises of ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals. Its products find application in various high-growth industries, including pharmaceuticals, agrochemicals, dyes & pigments, inks & coatings, paints, printing & packaging, flavours & fragrances, adhesives and other industrial applications. It also proposes to diversify into manufacturing of specialty fluorochemicals to which end, it has recently acquired assets including plant & machinery, design and operating paperwork, REACH registrations and patents of Miteni, a manufacturer of organic fluorospecialties and electrochemical fluorination. The company currently have two manufacturing facilities in Mahad, Maharashtra, with one facility dedicated to Acetyl Intermediates and another dedicated to Specialty Intermediates, which are strategically located in proximity to several ports and each other.

Business area of the company

The company is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI).

Major events and milestones of company:

  • 1992: Commission of the AI Manufacturing Facility at Raigad for manufacturing of glacial acetic acid.
  • 1996: Commenced production of ethyl acetate.
  • 2004: Installation of two windmills at Chitradurga district, Karnataka with capacities of 0.6 MW each.
  • 2004: Receipt of ISO 9001-2000 certifications for manufacture and marketing of ethyl acetate, acetic acid and absolute alcohol.
  • 2006: Installation of windmill at Ghatnandre, Sangli, Maharashtra with capacity of 1.25 MW.
  • 2008: Expansion of ethyl acetate manufacturing capacity at the AI Manufacturing Facility to 51,000 MT.
  • 2008: Setting up of distillery at Jarandeshwar.
  • 2010: Acquisition of Clariant’s ketene/diketene business and expansion into diketene and diketene derivatives products by commissioning of the SI Manufacturing Facility.
  • 2010: Receipt of ISO 14001:2009 and OHSAS 18001:2007 certifications for manufacturing and marketing of ethyl acetate, acetic acid and its derivatives, acetaldehyde and absolute alcohol.
  • 2011: Increase from 8,900 MT to 13,380 MT in the capacity of diketene and diketene derivatives and expansion of ethyl acetate capacity to 120,750 MT.
  • 2011: Setting up of DSIR approved R&D centre at company’s SI Manufacturing Facility.
  • 2012: Investment by the International Finance Corporation in company.
  • 2013: Incorporation of company’s Subsidiary, Laxmi Organic (Europe) B.V., in Netherlands, Europe.
  • 2013: Incorporation of company’s Subsidiary, Laxmi Petrochem Middle East FZE in Sharjah.
  • 2018: Commissioning of company’s hydro-electric power project at Yedgaon.
  • 2019: Receipt of DSIR registration for the Rabale Innovation Centre.
  • 2020: Acquisition of assets from Miteni by VLPL.
  • 2021: Investment in Cleanwin Energy One LLP, which is engaged in the business of generation of renewable energy to acquire 26% stake, and execution of a power purchase agreement in connection therewith.

Awards, accreditations or recognitions:

  • 2018: The company won the Maharashtra Safety Awards - 2018 for Meritorious Performance in Industrial Safety During the Year 2017 in Chemicals & Fertilizers, granted by the National Safety Council – Maharashtra Chapter.
  • 2020: The company won the ICC Award 2019 for Excellence in Energy Conservation and Management, granted by the Indian Chemical Council.
  • 2020: The company won the 21st National Award for Excellence in Energy Management 2020 for Energy Efficient Unit, granted by the Confederation of Indian Industry for the manufacturing Unit 2 in Mahad.
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